Irvine Inventory
Jul 4th: 588 homes (chart)

Greed on Display, Lorenzo, Westpark, Irvine

Jun 23rd, 2009 by IrvineRenter 

People who try to sell their own house do not use an agent to advise them on what to do or how to price it to sell. Some people do very well on their own; others… not so much.

12 Lorenzo Front 12 Lorenzo back

Asking Price: $1,500,000

Address: 12 Lorenzo, Irvine, CA 92614

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Posted in

Regulatory Solutions to Prevent the Next Housing Bubble

Jun 22nd, 2009 by IrvineRenter 

In The Great Housing Bubble, I outlined both a A Free-Market Solution to Prevent Housing Bubbles and a regulatory solution to do the same. Today, we will explore a potential regulatory solution.

62 Fringe Tree front 62 Fringe Tree kitchen

Asking Price: $600,000

Address: 62 Fringe Tree, Irvine, CA 92606

 

IHB Party 6-30-2009 at JT Schmids at the District

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Posted in Analysis

Open Thread 6-20-2009

Jun 20th, 2009 by IrvineRenter 

The big news this week was the introduction of regulatory reform of the financial services industry. I hope they get it right. Calculated Risk has a great overview of the reform proposals. It contains links to many documents including the governments white paper on the subject.

We have been updating and expanding our library and knowledge base. It is a work in progress.

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Posted in News

Ball and Chain **Update**

The price on this property is now under $6,000,000. The owner is asking $1,000,000 less than what was paid.

Real estate is notoriously illiquid. When you want to sell it, there is not always a buyer there to unchain it from your ankle.

Today’s featured property is looking at a potential million dollar loss.

29 Blue Grass front 29 Blue Grass inside

Asking Price: $6,495,000

Address: 29 Blue Grass, Irvine, CA 92603

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Posted in Rollback

1000 Words, Streamwood, Northwood, Irvine

Jun 19th, 2009 by IrvineRenter 

Sometimes listing pictures are really awful. At least today’s property wasn’t touted as being “light and bright.”

25 Streamwood Outside 25 Streamwood inside

Asking Price: $137,900

Address: 25 Streamwood, Irvine, CA 92620

The Great Housing Bubble

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Posted in REO

The Rally is Dead, Lockford, Northpark, Irvine

Jun 18th, 2009 by IrvineRenter 

Rising interest rates will be the end of our Spring rally. Transaction volumes will fall first, and prices will fall later.

157 Lockford outside 157 Lockford kitchen 

Asking Price: $399,000

Address: 157 Lockford, Irvine, CA 92602

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Posted in Short Sale

Look What Happens When Inventory is Low, Inglenook, Northpark, Irvine

Jun 17th, 2009 by IrvineRenter 

Any increase in pricing brings delusional sellers out of hiding. They put their properties on the market at WTF price levels and hope to hit the lottery.

12 Inglenook front 12 Inglenook kitchen

Asking Price: $1,149,000

Address: 12 Inglenook, Irvine, CA 92602

The Great Housing Bubble

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Posted in Uncategorized
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